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Originally Posted by nation-x
You said that they worked with him... "Clinton got a lot done because the Republicans controlled the House and Senate for most of his presidency". That is wrong... it's not even close to true... I think you should go back and study that bit of history more.
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Uh, I said the Republicans controlled the house and senate for most of his presidency. That much is 100% true, I don't know why you'd argue facts.
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Which bank reform "fuck up" are you referring to?
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The first, in 1997, was a change to the amount of taxes a homeowner had to pay on the sale of his or her home, up to $500,000. That change effectively made buying and selling a home for profit the most compelling investment in America by tax standards. It shifted our housing market from one of supply and demand to one of rampant speculation.
The second mistake was one of inaction. In 1998, Long-Term Capital Management's use of derivatives and leverage required a massive $3.6 billion hedge fund bailout organized by the New York Federal Reserve Bank. After the fiasco rocked the markets, the administration was on the spot.
But perhaps the biggest mistake of the Clinton years regarding Wall Street and the one that rings loudest today was the 1999 repeal of the Glass-Steagall Act of 1933, which effectively had split investment banking and brokerages from commercial banks.
In the years leading up to the repeal, Wall Street had been grumbling that the law had become an anachronism. Financial technology was sophisticated. We were so much smarter than they were back in 1929 that there was no way a financial-services conglomerate could pose a threat to the system, Wall Street experts said. Besides, they argued, it was a good idea for banks to handle customers' investments and savings as a hedge in the bad times.
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Realize that I posted those because you would predictably call bullshit on what I typed.
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I will completely agree that the congressional dems... especially the senate do not have any balls... I don't think you are right about Obama. I think he has more balls than anyone you know... how many of them would want to be the first black President with all of the nutjobs this country has? Especially after Palin kept calling him a terrorist... 
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I think you're living in the past. The nutjobs are a minority in this countryn ow.
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I have no idea where you got that idea... but it's not based in reality. Especially in this political environment where tea partiers spit on congressmen and call them faggots and ni**ers like they did to Frank and Lewis today.
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The Clinton Administration. From 2005 to the end of his presidency, the house and senate were controlled by the Republicans. Call it correlation, call it causation, whatever. What DOESN'T work is one party holding everything, and we've seen plenty of evidence for that.